©
2024
The SPX +24.37, 5,762, opened
lower and closed higher at a new all-time closing high. SPX closed above 5,700 for the eighth
day. DJI also closed at a new
all-time closing high.
The NDX +0.26%, opened lower in a breakout test, formed
a piercing line candle pattern and a bull flag setup.
NVDA +0.04, +0.03%, opened lower, reversed and re-broke out above recent
resistance and formed a bull flag setup.
AVGO -0.19, -0.11%, pulled
back pulled back and for a hammer in a bull flag setup.
COST +0.90, +0.10%, closed above its low of the day after a horizontal support
bounce, after an EPS beat and a sales miss $79.697B vs $79.973B
estimate.
Mega caps AAPL, GOOGL, META, BRK/B, MSFT, TSLA, NVDA rose
and AMZN fell on Monday.
SPY up 2.29 at 573.76, 63.5 million
shares, above average volume
VIX down .23 at 16.73
QQQ up 1.32 at 488.07
AAPL,
HD, CVX, WMT led
the DJIA, 16 advancers, -8
SOLV,
FTI, GNRC, CVS, FDX led the SPX, 313 advancers
ISRG, AAPL, GEHC, PANW led the NDX, 52 advancers
Up: SPY, QQQ, IWM, DIA,
Down:
Eight
of eleven sectors were higher on Monday, led by XLRE, XLE and XLV
The SPY
MFC green line is pointed up at 93.9 and is short-term bullish. +0.9
Uptrend sectors: XLB, XLY,
XLC, XLI, XLU, XLP, XLRE, XLK, XLV, XLF,
Neutral sectors:
Down trend sectors: XLE,
The 6-month intermediate trend is up. The ten-day trend
is up.
3-month Intermediate Term Market Trend: Up
3-day Short Term Market Trend: Up a little
52 of 100 NDX stocks closed higher on Monday.
72 NDX stocks are above their 30
DMA: CTAS, GILD, PAYX, EXC, XEL, MDLZ, KDP, PYPL, DASH, FTNT, GEHC,
TTD, ADSK, NFLX, CSCO, BKNG, MAR, MNST, AMZN, FAST, IDXX, LIN, PCAR, TSLA, AMD,
ARM, MSFT, ADI, AVGO, CEG, CRWD, CDNS, META, PCAR, WBD, ABNB, QCOM, TXN, INTC, BKR,
CMCSA, DDOG, AAPL, ANSS, CPRT, GOOGL, HON, TMUS, TXN, AMAT, NVDA, ORLY, PDD, LRCX,
MU, SBUX, CDW, CSX, CTSH, ILMN, KLAC, LULU, MCHP, NXPI, ON, QCOM, ROP, SNPS, AEP,
ODFL, ADP, ISRG, MRVL,
NDX Stocks to Watch on Tuesday:
Moving Above 30 DMA = 3
ADP, ISRG, MRVL,
Moving Below 30 DMA = 2
KHC,
MELI,
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